GLD SPDR Gold Shares Weekly Chart Analysis: 2026-May-11 07:04 CT

Price Action

• Last: 433.77,
• Bars: Large,
• Mom: Fast.

WSFG Weekly

• Short-Term
• WSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• WSFG Trend: Neutral.

MSFG Month May

• Intermediate-Term
• MSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• MSFG Trend: Neutral.

YSFG Year 2026

• Long-Term
• YSFG Current: NA%
• F0%/NTZ' Bias: Price Neutral,
• YSFG Trend: Neutral.

Swing Pivots

• (Short-Term) 1. Pvt. Trend: DTrend,
• (Intermediate-Term) 2. HiLo Trend: UTrend,
• 3. Pvt. Evolve: Pvt Low 399.20,
• 4. Pvt. Next: Pvt High 456.96,
• 5. Levels R: 492.15,
• 6. Levels S: 399.20, 360.12, 291.78, 272.58, 238.73.

Weekly Benchmarks

• (Short-Term) 5 Day: 433.78 Down Trend,
• (Short-Term) 10 Day: 441.51 Down Trend,
• (Intermediate-Term) 20 Day: 437.73 Down Trend,
• (Intermediate-Term) 55 Day: 379.11 Up Trend,
• (Long-Term) 100 Day: 314.50 Up Trend,
• (Long-Term) 200 Day: 247.48 Up Trend.

Overall Rating

• Short-Term: Bearish,
• Intermediate-Term: Bullish,
• Long-Term: Bullish.

Key Insights Summary

GLD remains in a powerful longer-term uptrend with price holding well above the 55, 100, and 200 week benchmarks, confirming the broader bullish structure. The recent weekly action shows a sharp pullback from the 492.15 pivot high after an extended vertical advance, leaving short-term momentum under pressure and the pivot trend in DTrend. The current price is sitting near the 5-day benchmark and below the 10-day and 20-day averages, which reflects a near-term cooling phase after a fast rally. The intermediate and long-term structure is still constructive because the HiLo pivot trend remains UTrend and the major support ladder is clustered at 399.20, 360.12, and 291.78, while the yearly box for 2026 still contains price above its lower boundary. The chart is showing a strong trend-with-pullback sequence rather than a major breakdown, with the recent selloff more consistent with a retracement inside a larger bullish cycle than a full trend reversal.